Ann: Telstra announces Ooyala impairment, page-18

TOday on smh. Echos some of the views here for a long time.


http://www.smh.com.au/business/tels...f-technology-credentials-20180202-p4yzan.html

Telstra’s failure exposes a number of issues. The first is Telstra's inability to pick winners in the dynamic technology space. Having the largest cheque book is no guarantee of success.
The second is the capacity of a large bureaucratic telco to nurture an entrepreneurial start up. The cultures are poles apart - Telstra is not nimble and has by its nature a limited appetite for risk taking.
Telstra is a network based company - that supplies the pipes  -albeit one that has found some success in growing its network application services business.
Investing in its networks in order to retain superior service coverage and therefore its dominant market share is what it does best.